Which of the Following Is Included in the Expenditures Approach

question 6

Multiple Choice

Which of the following is included in the expenditures approach to GDP?

• A) Spending on meals by consumers at restaurants
• B) Expenditures on used clothing at garage sales
• C) Value of stocks and bonds bought by businessmen
• D) Government spending on welfare payments

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Definitions:

Artisans

Skilled manual workers who craft goods or products with their hands, often resulting in unique, functional art or functional items.

Separatists

Separatists are individuals or groups who seek a form of cultural, ethnic, tribal, religious, racial, governmental or gender separation from larger groups.

Puritan Congregationalists

A group of Reformed Protestants in the 16th and 17th centuries within the Church of England advocating for a more purified form of worship and governance.

Church of England

The Church of England is the principal Christian church in England, serving as the mother church of the worldwide Anglican Communion, characterized by its establishment as the state church of England with the monarch as its supreme governor.